X CLOSE
X
Experience Industry Experts
Your Success, Our Priority
Swift Funding Solutions
Tailored For Your Success
Food R&D Tax Credits In The Industry
- Increase your profitability with cost reduction from tax credits.
- Improve your production processes without suffering financial cost.
- Leverage your sales and market share by staying ahead of the game with tax reimbursements.
- Accelerate your innovation cycle with a cash boost.
Reduce Financial Risk With Food Manufacturing R&D
- Get new products to market faster, stay ahead of the competition, and capitalise on emerging trends, without the financial strain.
- Expand your job creation prospects from successful R&D, from product development to marketing and production.
- Create innovative and sought-after food products by leveraging R&D tax credits, leading to increased sales and market share.
- Utilise your R&D tax credits to show a dedication to progress and responsible use of resources, enhancing your brand image.
Request a callback
"*" indicates required fields
Qualifying Expenditure In The Food Industry For R&D
The food industry thrives on innovation, and there are many expenditures that can qualify for R&D tax credits. Generally, any activity that involves overcoming technological uncertainty to create a new or improved food product or process can qualify for R&D tax credits.
Product Development
This isn’t just inventing entirely new foods. Reformulating existing recipes to improve taste, texture, or nutritional content (like reducing sugar or fat) qualifies as food R&D. Costs for staff, ingredients, and trials are all claimable.
Process Innovation
Developing new or improved methods for manufacturing, bottling, packing, or canning can involve R&D. This might include testing new equipment or figuring out how to scale up production from small batches. Costs of ingredients used in these trials and utilities like power or water can be claimed.
Packaging Solutions
Creating new packaging that extends shelf life, improves sustainability, or reduces costs can be food manufacturing R&D. This could involve designing new materials or testing different types of packaging.
Compliance Challenges
Sometimes developing techniques to meet new regulations or safety standards can be considered food industry R&D. This might involve reformulating products or implementing new processes.
Get Funds Sooner For Food Manufacturing R&D Costs
Skip the wait! HMRC payments for R&D tax credits can take months. Get your money fast with an R&D tax credit loan – available in days.
Unlock up to 80% of your claim value as a cash injection, for both large and small food innovation firms. This immediate boost puts money back in your business faster, so you can reap the financial rewards sooner.
Take control: Secure the funding you deserve, quickly and efficiently. Don’t miss out on this valuable tax relief opportunity. Stay ahead – claim what’s rightfully yours, today!